The New York Palace’s $250,000-per-month suites: PHOTOS

The iconic New York Palace hotel completed its $140 million renovations last year. Among other things, the renovations included two new triplex suites: The Jewel Suite by jeweler Martin Katz and The Champagne Suite.

These two 5,000-square-foot suites are located on the 53rd floor in The Towers, the Palace’s exclusive hotel-within-a-hotel.

And unsurprisingly, they’re really, really expensive. The New York Daily News reported that the suites cost an astounding $250,000 per month to rent. A single night in one of these suites costs $25,000, making the monthly charge seem like a relative bargain.